Case Studies

Top Winners

1. AutoCanada - Auto Sector Rebound & Auto Dealer Consolidation

AutoCanada (TSX:ACQ) is one of Canada’s largest multi-location automobile dealership groups, currently operating 29 wholly-owned franchised dealerships and managing 5 franchised dealership investments across Canada

 

AutoCanada has been LSIF's best performing stock in the history of the Fund multiplying our initial investment by over 15x. Despite the run up in share price ACQ remains a small position in the Fund as we believe

 

  • The automotive purchasing cycle will continue to fuel growth in same-store-sales of Canadian auto dealerships as the average age of a Canadian car is at record highs

  • AutoCanada will continue to consolidate a fragmented Canadian car dealership market

2. Solium Capital - A Distruptive Software-as-a-Service Solution Which Continues To Steal Market Share

Solium (TSX:SUM) provides cloud-enabled services for global equity administration, financial reporting and compliance. Through innovative software-as-a-service technology, they power efficient and accurate plan administration and equity transactions for their clients.

 

The Fund continues to hold Solium as we believe

  • Solium’s Shareworks platform is a disruptive, best-in-class software solution that will continue to steal market share in a complacent equity compensation administration market

  • Management has a strong track record for creating shareholder value and are well aligned, owning over 30% of the company